Receipt of Letter of Award pursuant to regulation 30 of SEBI (LODR) Regulations, 2015
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Desco Infratech has received a Letter of Award worth approximately ₹11.87 crores (inclusive of GST) from Bharat Petroleum Corporation Limited (BPCL), a Government of India Maharatna PSU. The contract covers Last Mile Connectivity (LMC) and Direct Marketing Services (DMA) activities along with associated works for City Gas Distribution (CGD) in Bahraich. The project is to be executed over a period of 14 months. The order is domestic in nature and there is no promoter group or related party interest in BPCL. The work is to be carried out as per the terms and conditions of the contract.
This is a new order win from a large government-owned client, adding revenue visibility for the next 14 months. For a small-cap company like Desco Infratech, a PSU-backed contract is a positive signal for business credibility and could support the order book, though the size needs to be weighed against the company's overall revenue base.